Ioannides, Y. and Taub, B. (1992) On dynamics with time-to-build investment technology and non-time separable leisure. Journal of Economic Dynamics and Control, 16(2), pp. 225-241. (doi: 10.1016/0165-1889(92)90032-A)
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Abstract
We display a continuous-time version of the Kydland-Prescott time-to-build model and analyze its dynamic behavior, applying techniques of independent interest. We work out the local dynamics of a double Cobb-Douglas example. All key features of the model, and in particular time-to-build and non-time-separable leisure, are represented by means of simple parameters whose impact on the dynamics is examined analytically.
Item Type: | Articles |
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Status: | Published |
Refereed: | Yes |
Glasgow Author(s) Enlighten ID: | Taub, Professor Bart |
Authors: | Ioannides, Y., and Taub, B. |
College/School: | College of Social Sciences > Adam Smith Business School > Economics |
Journal Name: | Journal of Economic Dynamics and Control |
Publisher: | Elsevier |
ISSN: | 0165-1889 |
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